2024 Standard Deduction For Married Couples

2024 Standard Deduction For Married Couples. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. The standard deduction is a set amount that you can deduct from your income before you are taxed.

The 2024 standard deduction for couples married filing jointly is $ $29,200 (up $1,500 from tax year 2023). The amt exemption amount for 2024 is $85,700 for singles and $133,300 for married couples filing jointly (table 3).